Parametric Hedged Equity ETF (NYSEARCA:PHEQ) Sees Significant Growth in Short Interest

Parametric Hedged Equity ETF (NYSEARCA:PHEQ) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 3,020 shares, a growth of 81.4% from the June 30th total of 1,665 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 16,228 shares, the short-interest ratio is currently 0.2 days.

Parametric Hedged Equity ETF Stock Up 0.7%

Shares of PHEQ stock traded up $0.23 on Thursday, reaching $34.38. The company’s stock had a trading volume of 6,920 shares, compared to its average volume of 21,221. Parametric Hedged Equity ETF has a 12-month low of $29.54 and a 12-month high of $34.90. The company has a market capitalization of $137.52 million, a P/E ratio of 25.95 and a beta of 0.50. The stock’s 50 day simple moving average is $34.39 and its 200-day simple moving average is $33.37.

Institutional Trading of Parametric Hedged Equity ETF

A hedge fund recently bought a new stake in Parametric Hedged Equity ETF stock. Farther Finance Advisors LLC acquired a new position in shares of Parametric Hedged Equity ETF (NYSEARCA:PHEQ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,327 shares of the company’s stock, valued at approximately $43,000.

About Parametric Hedged Equity ETF

The Parametric Hedged Equity ETF (PHEQ) is an exchange-traded fund that mostly invests in large cap equity. The fund invests in individual US large-cap stocks while utilizing a laddered options strategy to mitigate losses. The option strategy caps the potential upside participation. PHEQ was launched on Oct 16, 2023 and is issued by Parametric.